Valuing Modularity as a Real Option
Published Online:11 Sep 2009https://doi.org/10.1287/mnsc.1090.1070
References
- Design Rules: The Power of Modularity (2000) (MIT Press, Cambridge, MA) Crossref, Google Scholar
- , Braha S. D., Minai A. A., Bar-Yam Y. Modularity in the design of complex engineering system. Complex Engineered Systems: Science Meets Technology (2006) (Springer, New York) 175–205Crossref, Google Scholar
- On the economic value of modularity in software development: A real options approach. Internat. J. Appl. Software Technologies (1998) FallGoogle Scholar
- Numerical evaluation of multivariate contingent claims. Rev. Financial Stud. (1989) 2:241–250Crossref, Google Scholar
- The accelerated binomial option pricing model. J. Financial Quant. Anal. (1991) 26(2):153–164Crossref, Google Scholar
- American option valuation: New bounds, approximations, and a comparison of existing methods. Rev. Financial Stud. (1996) 9(4):1211–1250Crossref, Google Scholar
- A framework and tool supports for testing modularity of software design. Proc. 22nd IEEE/ACM Internat. Conf. Automated Software Engrg. (2007) (ACM, New York) 441–444Crossref, Google Scholar
- The valuation of sequential exchange opportunities. J. Finance (1988) 43(5):1235–1256Crossref, Google Scholar
- Financial Theory and Corporate Policy (2005) 4th ed.(Addison-Wesley, Reading, MA) Google Scholar
- Option pricing: A simplified approach. J. Financial Econom. (1979) 7:229–263Crossref, Google Scholar
- Investment Under Uncertainty (1994) (Princeton University Press, Princeton, NJ) Crossref, Google Scholar
- Model-based approaches to managing concurrent engineering. J. Engrg. Design (1991) 2(4):283–290Crossref, Google Scholar
- A model-based method for organizing task in product development. Res. Engrg. Design (1994) 6(1):1–13Crossref, Google Scholar
- Will iTunes make Apple shine? CNET News (2003) October 16). http://news.cnet.com/Google Scholar
- Real option valuation: A Monte Carlo approach. (2002) . Working paper, School of Management, University of Calgary, Calgary, AB, CanadaGoogle Scholar
- Structural estimation of real options models. J. Econom. Dynam. Control (2009) 33(4):798–816Crossref, Google Scholar
- An improved binomial lattice method for multi-dimensional options. Appl. Math. Finance (2007) 14(5):453–475Crossref, Google Scholar
- Investment under uncertainty, debt and taxes. Econom. Notes (2008) 37(1):31–58Crossref, Google Scholar
- The valuation of corporate liabiliies as compound options. J. Finance Quant. Anal. (1977) 12(4):541–552Crossref, Google Scholar
- The valuation of compound options. J. Financial Econom. (1979) 7:63–81Crossref, Google Scholar
- The American put option valued analytically. J. Finance (1984) 39(5):1511–1524Crossref, Google Scholar
- Monte Carlo Methods in Financial Engineering (2004) (Springer-Verlag, New York) Crossref, Google Scholar
- Choice of nuclear power investments under price uncertainty: Valuing modularity. Energy Econom. (2005) 27(4):667–685Crossref, Google Scholar
- Numerical Methods in Economics (1998) (MIT Press, Cambridge, MA) Google Scholar
- Case studies on real options. Financial Management (1993) 22(3):259–270Crossref, Google Scholar
- Numerical Solution of Stochastic Differential Equations (1999) 3rd ed.(Springer-Verlag, New York) Google Scholar
- Capabilities as real options. Organ. Sci. (2001) 12(6):744–758Link, Google Scholar
- Valuing American options by simulation: A simple least-squares approach. Rev. Financial Stud. (2001) 14(1):113–147Crossref, Google Scholar
- Real (investment) options with multiple sources of rare events. Eur. J. Oper. Res. (2002) 136:696–706Crossref, Google Scholar
- On the robustness of least-squares Monte Carlo (LSM) for pricing American derivatives. Rev. Derivative Res. (2003) 6(2):107–128Crossref, Google Scholar
- The valuation of modular projects: A real options approach to the value of splitting. Global Finance J. (2007) 18(2):205–227Crossref, Google Scholar
- Mergers and economies of scale: Volkswagen AG 1976–2000. ICFAI J. Mergers Acquisitions (2007) 4(3):79–90Google Scholar
- Proof that properly anticipated prices fluctuate randomly. Indust. Management Rev. (1965) 6(2):41–49Google Scholar
- Proof that properly discounted present values of assets vibrate randomly. Bell J. Econom. Management Sci. (1973) 4(2):369–374Crossref, Google Scholar
- Convergence of the least squares Monte Carlo approach to American option valuation. Management Sci. (2004) 50(9):1193–1203Link, Google Scholar
- The design structure system: A method for managing the design of complex systems. IEEE Trans. Engrg. Management (1981a) 28(3):71–84Crossref, Google Scholar
- System Analysis and Management: Structure, Strategy and Design (1981b) (Petrocelli Books, New York) Google Scholar
- The structure and value of modularity in software design. Proc. 8th European Software Engrg. Conf. (2001) (AMC, New York) 99–108Crossref, Google Scholar
- The nature of option interactions and the valuation of investments with multiple real options. J. Financial Quant. Anal. (1993) 28(1):1–20Crossref, Google Scholar
- Real Options: Managerial Flexibility and Strategy in Resource Allocation (1996) (MIT Press, Cambridge, MA) Google Scholar

